Scorpio Tankers
STNG
129 hedge funds and large institutions have $570M invested in Scorpio Tankers in 2018 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 46 increasing their positions, 42 reducing their positions, and 26 closing their positions.
680% more call options, than puts
Call options by funds: $14.8M | Put options by funds: $1.89M
133% more funds holding in top 10
Funds holding in top 10: 3 → 7 (+4)
51% more capital invested
Capital invested by funds: $378M → $570M (+$193M)
10% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 42
0.33% more ownership
Funds ownership: 5.8% → 6.13% (+0.33%)
2% less funds holding
Funds holding: 132 → 129 (-3)
12% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Telemark Asset Management
Boston,
Massachusetts
|
+$24.1M |
| 2 |
EGA
Evermore Global Advisors
Summit,
New Jersey
|
+$19.3M |
| 3 |
BSP
Benefit Street Partners
New York
|
+$18.4M |
| 4 |
BlackRock
New York
|
+$6.01M |
| 5 |
ABC
Anchor Bolt Capital
Chicago,
Illinois
|
+$4.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
-$12.5M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$12.1M |
| 3 |
OIM
Oceanic Investment Management
Douglas,
Isle Of Man
|
-$6.54M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$4.93M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$3.44M |
STNG Hedge Fund Activity: Q2 2018 in Review
129 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Scorpio Tankers (STNG) for Q2 2018, worth a combined $570M — up 51% from $378M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of STNG and 23 opened new positions — a net loss of 3 holders — while 42 trimmed existing stakes and 46 added.
The largest buyer was Telemark Asset Management, opening a new position worth an estimated $24.1M. The largest seller was Raging Capital Management, exiting entirely with an estimated $12.5M sold.
- 129 institutional investors held Scorpio Tankers (STNG) as of Q2 2018, down from 132 in Q1 2018.
- Funds reported $570M of Scorpio Tankers stock for Q2 2018, up 51% quarter-over-quarter.
- 23 funds opened new Scorpio Tankers positions in Q2 2018 and 26 closed out, a net change of -3 holders.
- The largest Scorpio Tankers buyer in Q2 2018 was Telemark Asset Management, an estimated $24.1M added.
- The largest Scorpio Tankers seller in Q2 2018 was Raging Capital Management, an estimated $12.5M sold.
Based on aggregated 13F filings for Q2 2018.